Welcome to episode 1 of our property management series. In this episode, Russell and Alisha discuss the changes in property management over the past year, with a specific focus on changes in legislation regarding the notice required before a tenant must vacate a property.
As of October 2022, tenants must be given two months’ notice before they can vacate a property. This is a significant change from the previous requirement of four weeks’ notice. This change in legislation is aimed at providing tenants with more notice and time to find a new place to live. It also allows landlords to plan for the turnover of tenants and to prepare the property for the next tenant.
Another change in legislation is that if a tenant is given notice to vacate due to a sale, the property cannot be re-rented for the next six months. This ensures that the property is only occupied by the new owner and not rented out during that time — giving the new owner time to make any necessary repairs or renovations before renting the property out again.
Tenants can also be asked to vacate for major renovations or if the owner or a family member wishes to move in. This provision in the legislation allows landlords to make necessary changes to their property. However, the landlord must still provide the tenant with the proper notice, as outlined in the legislation.
The changes in legislation regarding notice required before a tenant must vacate a property are aimed at providing tenants with more notice and time to find a new place to live, while also allowing landlords to plan for the turnover of tenants. At Pure Real Estate, we strive to stay up-to-date on all changes in legislation to ensure that we are providing the best property management services for our tenants and clients.
Disclaimer: The information provided is intended to be accurate and helpful. It is the responsibility of the reader to verify any information before making any decisions or taking any action.
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